by The Norwegian Dawn cruise ship arrives at the French Mediterranean port of Marseille on 27 July 2021.
Gerard Bottino | SOPA Images | LightRocket | Getty Images
Check out the companies making headlines in midday trading on Tuesday.
Hims & Hers Health — Shares of the telehealth stock rose 17% after the company reported quarterly results that beat estimates. Him & Hers Health reported a loss of 5 cents per share on revenue of $167.2 million. Analysts expected a loss of 7 cents a share on revenue of $161.2 million, according to Refinitiv.
Target — Shares rose 2.6% after the retailer’s fourth-quarter earnings and revenue beat expectations. Earnings per share came in at $1.89, against the $1.40 consensus from analysts polled by Refinitiv. However, Target’s full-year earnings guidance came in below expectations.
Dish — Shares of the satellite provider lost 7.3% after the company disclosed that a previously disclosed “network outage” was the result of a cybersecurity breach. Bank of America has also twice downgraded the stock to underperform from buy. The bank said Dish could fall nearly 20% as the company’s timeline for rolling out wireless network services expands.
Advance Auto Parts — The auto aftermarket parts company rose 3.3% after reporting better-than-expected revenue and fourth-quarter earnings of $2.88 per share, topping StreetAccount’s estimate of $2.41.
Zoom Video Communications — The video communications company advanced 1.2% after Zoom posted a top and bottom line for the fourth quarter. Zoom’s full-year revenue guidance came in lighter than expected, but topped estimates for 2023 revenue guidance.
Norwegian Cruise Line Holdings — The cruise line fell 12% after reporting a bigger-than-expected fourth-quarter loss. Norwegian lost an adjusted $1.04 per share on $1.52 billion in revenue. Analysts surveyed by Refinitiv had forecast a loss of 85 cents a share on revenue of $1.5 billion.
Labor Day — Shares rose slightly after the human resources software company topped expectations for revenue and earnings in the fourth quarter. However, Workday’s revenue guidance for the first quarter was lighter than expected.
Meta — Shares of the Facebook parent rose 3.3%. Bank of America included Meta in its top picks in artificial intelligence. On Monday, the company announced that it is launching a new team to develop AI products for the company.
Universal Health Services — Shares lost 9% after the company gave disappointing full-year earnings guidance. Universal Health Services expects full-year earnings per share to range between $9.50 and $10.50 per share. Analysts expected guidance around $10.80 per share, according to StreetAccount.
— CNBC’s Michelle Fox Theobald contributed reporting.
